Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. If your state requires a lending license, make sure a the lender is licensed.

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Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. I think potential clients appreciate this.

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Housing Wire

JUNE 11, 2021

An appraisal is a valuation of a property by a third party. Something buyers aren’t aware of is that the appraisal process can take a while, depending on location, geography and the number of appraisers available at a company,” said Anthony Masseria, Vice President and Area Lending Manager at Citi.

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McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. They all handle land and building acquisitions and dispositions, as well as condemnation valuations.

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Housing Wire

JANUARY 25, 2023

Wells Fargo officials have not commented on the rumors, so speculation is likely to persist over whether the lending giant is about to launch a potentially market-disrupting MSR offering. Ginnie Mae backs securities issued against government-insured loans originate through programs such as the Federal Housing Administration.

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Eppraisal

AUGUST 22, 2023

The world of real estate has undergone a technological transformation over the past 10 to 20 years, with Automated Valuation Models (AVMs) emerging as powerful tools for property valuation. It's not uncommon to find agents using them as part of their marketing, as a first step of introduction to a potential client.

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The Robert Weiler Company

SEPTEMBER 30, 2020

The obligation to the client isn’t met. Two of the best examples occur when there is lending involved or litigation pursued. An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Grant Applications.

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Real Estate Appraisal Property Appraisal Valuation 137

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

However, over the past year, my business has been changing rapidly as I shift away from lending work to non-lender work as my primary business. You may be wondering where in the world I’ve been. Did I go dark? Did I give up on blogging and podcasting? The answer is no. Why did CubiCasa launch Digital GLA?

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Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. This is the statement in the HUD/FHA ML-2024-07: “This included guidance to improve the established process by which FHA program participants may request an ROV if the initial valuation is lower than expected.”

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Reconsideration of Value Appraisal Real Estate Insurance 69

McKissock

OCTOBER 30, 2020

Years ago, it was hard work just to gather a few pieces of information to solve the valuation puzzle. Next, you need to communicate your results, findings, conclusions, and opinions within a report so it is meaningful and useful to your client. Life Insurance for All Stages. The Data Puzzle: Pulling it all Together.

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McKissock

JULY 23, 2021

Most lending appraisal assignments require an opinion of market value, unless the appraisal assignment is specific to developing a liquidation value, an insurance replacement value, or a non-market value. Appraisers, lenders, clients, and intended users of an appraisal report often confuse exposure time with marketing time.

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The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed.

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Birmingham Appraisal

SEPTEMBER 15, 2022

A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. What is a Mortgage Appraisal? What If The Appraisal Is Less Than The Contract?

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Walitt Solutions

JULY 28, 2019

However, given current changes in the valuation space, nothing is further from the truth: valuation, specifically the collection of data that supports a valuation method, has never been one-size-fits-all. Are these “other” inspection-and-valuation processes appropriate for lending?

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D Fritz Appraisals

OCTOBER 22, 2019

This is unlike when you’re buying a home and paying for a property appraisal to satisfy the bank lending you your mortgage – in this case the bank has a list of companies they work with). Ask an appraisal company about their staff’s education, certifications, and amount of insurance liability. Credentials & Education.

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Housing Wire

MARCH 12, 2024

million to fund a training grant that would, in part, “enable specialized training that will prepare counselors to support expanded HECM counseling and to better understand property valuation bias so that they can effectively counsel clients on this topic,” according to congressional justifications for the budget. HUD is requesting $2.5

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Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

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Housing Wire

FEBRUARY 14, 2024

The banks had courted high-net-worth clients working in speculative tech and crypto startups in Silicon Valley, while also tying up a large portion of the banks’ assets in Treasury securities. When interest rates shot up, their customers needed cash at the same time that the banks’ assets became less valuable.

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Housing Wire

MARCH 9, 2021

How hybrid title and valuations help increase lending efficiency. And the issue is only compounded by the fact that every state (and seemingly, every city) has its own rules and requirements to issue title insurance and hold a closing. It’s also a selling point to your potential lending clients.

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Housing Wire

JUNE 8, 2022

From a client perspective, a fully integrated soup-to-nuts digital offering for mortgage origination and servicing should significantly reduce the cost of originating and servicing a mortgage,” according to an analyst who spoke on the condition of anonymity. I suspect the ever-rising valuation of fintech companies is over for a while.”.

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Housing Wire

SEPTEMBER 1, 2021

President of Residential Servicing and Correspondent Lending. Arch Mortgage Insurance Company. Aslan Home Lending. EVP, Client Delivery. Director of Client Success Group. Planet Home Lending. Class Valuation. Chris Favilla. Head of Operations. Executive Vice President of Administration. Howard Hanna.

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Appraisal Today

NOVEMBER 10, 2022

Bottom line: If the home is going to be financed by a lender, insured by FHA, or sold on the secondary market, you must make sure you compile a fair, thorough report to ensure that the lender doesn’t take a loss. The only appraisers who get sued are those performing appraisals for mortgage lending. What graphs do you want to use?

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Housing Wire

JANUARY 11, 2024

” Matt Lehnen, Deephaven Mortgage CTO : “For our clients and our customers: AI also has to be used fairly. Here are some of the highlights from those interviews on the important topics they’re thinking about. You don’t want to just feed a bunch of data into a model, get the result and take it at face value.

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Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. But the boom times are over, and he knows it. And he’s far from alone.

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Realvals

JUNE 18, 2023

I have had many clients that want to make an offer without a contingency, or want to make sure their offer is competitive. The LTV is a percentage that represents the amount of money to lend compared to the value of the home. Appraisers provide unbiased valuations that may help reduce any potential conflicts among beneficiaries.

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Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. But if for lending, it might be rejected on review by GSE computers or humans.

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Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ The GSEs started keeping track in 71.

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Insurance Appraisal Contracts Mortgage 78

Appraisal Today

OCTOBER 7, 2022

The eight percent who cite other valuation methods most often explained that they use a hybrid approach or mostly an exterior appraisal. If this article helped you understand more about disability insurance, it is worth the subscription price! An appraiser can easily lose a lender client because they were low on an appraisal.

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Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). I have always collected all the money owed from my lender clients using the collection techniques I write about. Client Rating Grid.

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Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Never use a lending form (such as a 1004) for estate work. Get the relevant date of value from the client or client’s attorney.

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McKissock

FEBRUARY 25, 2022

To help simplify things, we’ve organized the comments below into the following categories of ways to stand out from the competition: Client relations. Client relations. “I like to think it is my customer service, and client relations.” No matter the client.” Background or perspective. Experience.”

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Simonson Real Estate

APRIL 26, 2021

Over the past few years, Simonson Appraisals has provided valuations for many dollar store properties across Minnesota and North Dakota — primarily Dollar General. Our solution combines statistical analysis of the data we’ve compiled through careful study of the relationships to lend support for our conclusions. Market Research.

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Marketing Tenants Real Estate Valuation 78

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Mortgage lending is very, very cyclical.

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Appraisal Today

MAY 26, 2023

(Editor note: links are in the text Thoughts… Morgan Williams, General Counsel, National Fair Housing Alliance – He was a compelling witness – he drove home that he wanted access to anonymized loan-level data to determine the potential valuation bias. She was a powerhouse of testimony, advocating practicum solutions in addition to PAREA.

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Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” To create new capacity for the industry, new approaches to valuation that are faster and better, and less prone to bias. Interview with Ribbon Co-Founder & CEO Shaival Shah.

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